|Bid||0.00 x 1200|
|Ask||170.23 x 2200|
|Day's Range||167.79 - 171.28|
|52 Week Range||84.11 - 175.29|
|Beta (3Y Monthly)||1.85|
|PE Ratio (TTM)||26.17|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
As previously announced, RH will apply proceeds from the offering to retire the Company’s $200 million of outstanding second lien debt as well as reduce outstanding borrowings under its credit facilities. Based upon the final terms of the convertible notes offering and the reduction in outstanding balances of debt bearing higher interest rates than the 0% convertible notes, the Company is raising its FY 2019 adjusted diluted earnings per share guidance by $0.25 to a range of $10.78 to $11.01, and expects an approximate $0.75 per share benefit to adjusted diluted earnings per share in fiscal 2020.
Marking the first anniversary of one of its most iconic spaces to date, RH (RH) announced today the release of “RH New York, The Movie,” a short film documenting the creation of RH New York, The Gallery in the Historic Meatpacking District. This first-of-its-kind, 90,000-square-foot retail experience features a skylit six-story atrium with transparent glass elevator, Rooftop Restaurant, Barista Bar & Wine Terrace, Interior Design Firm, “New York Night,” a dramatic art installation by Alison Berger, and full floors dedicated to RH Interiors, Modern, Outdoor, Baby & Child, and TEEN. RH (RH) is a curator of design, taste and style in the luxury lifestyle market.
In connection with the exercise of the over-allotment option, RH has entered into additional convertible note hedge and warrant transactions on terms that have the effect of limiting earnings dilution as a result of the additional convertible notes issuance up to a 100% premium to RH’s closing stock price on September 12, 2019. Under the terms of these transactions, the Company’s shareholders are not expected to experience earnings dilution until the Company’s stock price is above approximately $338.24.
RH also granted the initial purchaser of the notes a 13-day option to purchase up to an additional $50 million of the notes on the same terms and conditions, for a total potential offering size of up to $350 million. In connection with the offering of the notes, RH has entered into convertible note hedge and warrant transactions on terms that have the effect of limiting earnings dilution as a result of the convertible notes issuance up to a 100% premium to today’s closing stock price.
RH (RH) announced today that it intends to explore a potential offering of $300 million aggregate principal amount of convertible notes due 2024 in a private offering to qualified institutional buyers. In the event the Company chooses to complete the proposed $300 million offering, RH would expect to enter into convertible note hedge and warrant transactions that are designed to offset the effect of dilution from the conversion of the notes up to 100% or more of the common stock price at the time of pricing of the notes. The proceeds from the offering would primarily be used to retire the Company’s $200 million of outstanding second lien debt, reduce outstanding borrowings under the Company’s credit facility and to pay the net costs of the convertible note hedge and warrant transactions.
RH (RH) announced today that it expects no impact to Fiscal 2019 or Fiscal 2020 financial results from the tariffs imposed on current and new product categories imported from China effective September 1st, 2019, October 1st, 2019 and December 15th, 2019. Revenue growth and margin expansion remain strong, and the Company looks forward to providing further color on its second quarter financial results and outlook on September 10th, 2019 after the close of market. RH (RH) is a curator of design, taste and style in the luxury lifestyle market.
RH (RH) announces the unveiling of RH Beach House, a highly curated concept inspired by the world’s iconic seascapes that introduces over 100 collections reflecting the brand’s distinctive point of view on coastal living. From Malibu to Mykonos, Sydney to St. Barts, RH Beach House is defined by its modern, contemporary and global influences, and debuts with a dedicated print and digital Source Book, which can be viewed at RHBeachHouse.com. RH Chairman and CEO Gary Friedman commented, “Our vision was to reimagine the conventional beach aesthetic with a fresh point of view and elevated sense of taste and style.
RH (RH) announced today that it expects no impact to Fiscal 2019 or Fiscal 2020 financial results from the tariffs imposed on new product categories imported from China effective September 1, 2019. The impacted product categories represent less than 1% of total inventory receipts for fiscal 2019 and less than 2% of anticipated total inventory receipts for fiscal 2020. The Company expects that any impact from this minimal percentage of inventory receipts and revenues will be offset by vendor price reductions and product price increases.
RH (RH) today announced it has repaid the balance of its $350 million in 0.00% Convertible Senior Notes due 2019 at maturity. The Company used existing cash balances and borrowings under its revolving credit facility to complete the repayment on June 17, 2019 as expected.
NEW YORK, NY / ACCESSWIRE / June 12, 2019 / RH (NYSE: RH ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on June 12, 2019 at 5:00 PM Eastern Time. To listen ...
Exclusive three-month beta program access now available to emerging hedge funds attending 2019 Battle of the Quants conference NEW YORK , May 20, 2019 /PRNewswire/ -- Thasos, an alternative data intelligence ...
RH today announced fourth quarter and fiscal year 2018 results and Chairman & Chief Executive Officer, Gary Friedman, provided an update on the Company’s continued evolution and outlook.
New Source Book Presents One of the Largest Curated and Fully Integrated Assortments of Outdoor Furnishings in the World with New Collections by Acclaimed Designers Piet Boon, Davi
RH (RH) today announced the appointment of Jack Preston as Chief Financial Officer of RH. Mr. Preston will lead all financial functions including strategic and financial planning, accounting, treasury, tax, internal audit and investor relations across the Company’s multiple businesses and brands. Mr. Preston is currently a member of the RH executive leadership team, serving as Senior Vice President, Finance & Chief Strategy Officer.
Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of RH (RH) breached their fiduciary duties to shareholders. RH, together with its subsidiaries, operates as a retailer in the home furnishings market. In an order filed January 24, 2019, the U.S. Court of Appeals for the Ninth Circuit denied RH's petition for permission to appeal the district court's order granting class action certification.
RH (RH) today announced that it has elected to no longer explore the previously announced opportunistic $300 million convertible notes offering. RH’s current capital structure and internally-generated cash flow are more than sufficient to meet future obligations and long-term growth objectives. As such, the purpose of this financing was opportunistic and RH has determined that current market conditions are not conducive to an attractive convertible notes offering at this time.
NEW YORK, NY / ACCESSWIRE / December 6, 2018 / Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of RH (RH). You may also contact Robert H. Lefkowitz, Esq. Purcell Julie & Lefkowitz LLP is a law firm exclusively committed to representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty and other types of corporate misconduct.
RH (RH) announced today the opening of RH Yountville, an elegant wine country compound featuring an indoor-outdoor restaurant where guests dine under a soaring glass roof surrounded by 100-year-old heritage olive trees and sparkling crystal chandeliers, while listening to trickling water from dramatic seven-foot fountains. Located in the heart of Napa Valley, the five-building compound also includes a two-story stone Wine Vault at the Historic Ma(i)sonry Building, an outdoor Wine and Barista Bar, and two boutique design galleries – all connected by lush garden courtyards with outdoor living rooms that can be reserved for wine tastings, century-old French limestone fountains, globally-sourced antiques and artifacts, a 40-foot, live-edge single slab tasting table, fireplaces, and walking paths with decomposed granite and bluestone pavers.
NEW YORK, NY / ACCESSWIRE / December 5, 2018 / Shares of Restoration Hardware and Cinedigm Corp. were both exploding on Tuesday. Restoration Hardware sailed higher on strong Q3 results while Cinedigm Corp. announced a partnership with China International TV Corporation. Restoration Hardware shares closed up 10.90% on about 6.6 million shares traded yesterday.